Finance Act 2013
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Amendment of Schedule 1 (exempt activities) and Schedule 3 (goods and services chargeable at the reduced rate) to Principal Act. |
75.— (1) Schedule 1 to the Principal Act is amended— | |
(a) in paragraph 5 by substituting the following for subparagraph (3): | ||
“(3) The promotion of sporting events (other than in the course of the provision of facilities for taking part in sporting activities including golf or physical education activities of the kind specified in subparagraph (1) or (1A) of paragraph 12 of Schedule 3).”, | ||
(b) in paragraph 6(1) by deleting clause (g), | ||
(c) in paragraph 6(1)(i) by substituting “subparagraph” for “paragraph”, | ||
(d) in paragraph 6(2) by substituting “Financial services that consist of managing an undertaking of a kind specified in this subparagraph:” for “The following undertakings are specified for the purpose of subparagraph (1)(g):”, | ||
(e) in paragraph 6(2) by inserting the following after clause (a): | ||
“(aa) an investment limited partnership within the meaning of section 739J of the Taxes Consolidation Act 1997 ;”, | ||
(f) in paragraph 6(2) by inserting the following after clause (e): | ||
“(ea) an undertaking that enters into specified financial transactions within the meaning of Part 8A of the Taxes Consolidation Act 1997 where that undertaking corresponds to an undertaking specified elsewhere in this subparagraph;”, | ||
(g) in paragraph 6(2) by substituting the following for clause (f): | ||
“(f) any other undertaking that is determined by the Minister to be a collective investment undertaking for the purposes of this subparagraph.”, | ||
(h) by substituting the following for paragraph 7: | ||
“7. (1) The supply of agency services relating to the financial services specified in subparagraph (1) of paragraph 6, excluding management and safekeeping services in regard to the services specified in clause (a) of that subparagraph. | ||
(2) The supply of agency services relating to the financial services specified in paragraph 6(2).”, | ||
and | ||
(i) in paragraph 11(1)(c) by substituting “subparagraph (1) or (1A) of paragraph 12” for “paragraph 12(1)”. | ||
(2) Schedule 3 to the Principal Act is amended— | ||
(a) in paragraph 11(a) by substituting “subparagraph (1) or (1A) of paragraph 12” for “paragraph 12(1)”, | ||
(b) in paragraph 12 by substituting the following for subparagraph (1): | ||
“(1) The provision of facilities for taking part in sporting activities including golf or physical education activities, and closely related activities, by an entity other than a non-profit making organisation, the State or a public body.”, | ||
and | ||
(c) in paragraph 12 by inserting the following after subparagraph (1): | ||
“(1A) The provision of facilities for taking part in sporting activities including golf or physical education activities, and closely related activities, by the State or a public body, where the total consideration received by such entity for providing those facilities exceeds, or is likely to exceed, the services threshold during any continuous period of 12 months.”. | ||
(3) Paragraphs (a) and (i) of subsection (1) and subsection (2) have effect on and from 1 January 2013. |